I had it for 5 years. Made miniscule profit. But still, better than other energy counters.
Giving it another look.
Maybe this time ?

Looking weak today ... despite good oil price.

After some research - looks good to me.

A momentous charge towards RM 1,00 coming up.

New contract to be anounced ? Insiders in the know are buying ...

Thank you for that great update confirming that all is being handled, Niki.

Very interesting article (Fat/thin). I recommend.

Slow here today, yet oil 80+ USD. Where is James when we need them ....
:-)
Should be a good week after run up in a few other energy stocks.
😉

Good going here. Everyone is here too.
:-)

Going steady is what this company needs. Just make quarterly revenues.

This is becoming too rich for me to watch. There is a limit to every play.

This is really good. Oil price > 80 USD sure will go long way to bring it above RM 1.00.

Good news travels fast. This one traveled even faster than expected.

Thank you niki.
So per your exact calculation lost money is: 0.62 x 120 = 74.4 mln RM.
Add repair cost, minus credit for shutdown maintenance.
Contract will have more detailed clauses.

I was kidding. Really, just a piece of kit.

Financial impact:
On the back of the envelope: 60 days at half production (2 mln myr rate) is 60 million ringit. Repair costs are minimal. Also some shut-in is back credited from planned maintenane period Q3 2023.

Guys, act wisely. I mean LONG here !!!
IB analysts will have to update their target prices.
Some put 6 months of no production on Kraken. Reduced earnings significantly.
This all has to be corrected. Give it a day or two.
Selling now is hurting your own interest.

Congratulations all Longs in Armada.
Thank you for those who brought the news, shared opinion or asked questions.
I would definitely not sell now until it gets closer to 60.
Revise catalyst list by NikiCheong.

Going strong cosidering Sapura, Armada and EA Tech down sharply.
Brent very near 80 USD per barrel.
No worry.

The news would be the PN17 uplift ?
Looks like I am too late to the party. The ship has sailed.

I reside in Sarawak because there is no better place. However, Sabah may offer even more wild opportunities, like this one. Would be good to visit the site, or at least the area.

A rainy good morning from a rainy Sarawak. All good here. Still slow with Uzma.

A rainy good morning from a rainy Sarawak. All good here.

It is going there. Give it some time.

Cameia goes ahead:
_________________________
LEAD PLANNING ENGINEER
Paris , France
Back Apply now
Job Reference 1190710
Location Paris , France
Industry Oil & Gas - FPSO
Function Planning / Scheduling
Job Type Contract
Date Added June 23, 2023
PROJECT :
The service covered by this document is part of the project: CAMEIA FPSO

OBJECT :
The service requested relates to the performance of the service: LEAD PLANNING ENGINEER

DESCRIPTION :
The activity of this service will focus on: LEAD PLANNING ENGINEER for floaters projects in execution

SKILLS REQUIRED:
For the performance of this service, the Account Holder must provide the skills described below:
? English and Primavera P6 knowledge
? Experience on Floaters projects in execution (FPSO, FSRU, FPU, GBS) would be appreciated

SCHEDULE:
Start of benefits: ASAP
Duration of benefits: 12 MONTHS

GEOGRAPHIC LOCATION :
In order to access the input data and to facilitate exchanges with people who have in-depth knowledge of the project, the service will be carried out within the integrated team in the offices of Saipem SA.

Not sure if I need it. No time to study depth.

Yes, Hibiscus eventually goes with oil.
But better not say it here. SOPHISTICATED investors hate this claim.
So the correlation graph is a shock to some.

Yes, but eventually it goes with oil.
But better not say it here. SOPHISTICATED investors hate this claim.

With bid at 280 mln it is nearly impossible to fill up. But then, I can bid higher before open and get filled ahead of others. I already know the tricks. Never done it.
Thanks for reminding me. I forgot about it.
Early morning bird beats waiting in line up.
:-)

I have been trying to collect at 3.5. I think it is hopeless. Order will expire before filled up.
But things change.

I bought some, as per my previous posts to support this counter. Obviously, not enough.
But my imitial assessment was that this was a good buy even at low RM 1++

So, no problem at all. Can accumulate slowly.
If we focus on oil price then means we have no real worries.

Palm oil is the future !!!

Fair article. Thank you.

Thank you. I wish we could just discuss oil prices rather than complication of the oil and gas companies.
Life would be simpler.

Thank you, Felix888.
I try NOT to be a single trick pony any more. Have to look around and take advantage of what KLSE offers.

I am confident that this stock will still go up. But then again, I was also confident about Serba DK.
:-)
One day will get lucky too.
I will put another bid tomorrow and it will be good till August 10th or so.

Thanks. Short position as of yesterday. 16 mln.
5199 HIBISCS HIBISCUS PETROLEUM BERHAD 16,313,079 0.81%

I had a lot of this stock 10-5 years ago. Took a long time to double. But this time may be better. I remember that there was NO downside. Steady up.

Should be doing much better considering the targets.
I got some hibiscus instead ... seems more active.

Oh my gosh. It is still holding. It definitely looks like I missed an opportunity at RM 0.16. That was 2 weeks ago, and I had a bid that I canceled.

The only energy counter I know that is up today. I picked up some yesterday without even noticing. Feels good.
Now, what is the oil price ?
:-)

You guys still into this counter ? I tried to get some, but the queue is huge. Looks like 100 days of trading ...

I wrote 2 blogs and one only was labeled. It is a mistery.

Well, it is better late than never ...

This stock is a winner. CONGRATULATIONS longs !

This looks good here but I do not think we need to rush. Plenty of time to invest.

Yinson is the choice because of green energy angle - that is reason to expect it to score big in oil and gas facilities.
Where is the logic ?

The delay of Armada Sterling V is because well fluids are not provided to FPSO. Once the subsurface systems are finished, production can start. Crude oil is offloaded to other tankers by sea to sea offloading or via a buoy (SPM). However, gas has to be sent onshore via pipelines.

Gas is flared during commissioning so lack of CPF facility is not a show stopper. However, this cannot continue with zero flaring policies during operations.

PS
CO2 venture with navigator: bluestreak - I stand by my opinion.
Chat GTP description of how CO2 capture can be done is nonsense.

This counter should FLYYYYY !
But I am fully vested in O&G.
Once crystalized profit elsewhere, I come back.

I sure hope they can finish indian development. Plans were to start it up between August to October. Probably October is reasonable.